Home flippers aren't taking time off for the pandemic.
The number of house flips _ and sale profits _ is up from a year ago nationwide.
Nationwide home flips were almost 6% higher than year-ago totals in the second quarter, according to a new report by Attom Data Solutions.
Second-quarter home flips were down from the first quarter nationwide.
"Far fewer house hunters were out in the market looking for homes, which probably cut into the pool of potential buyers that investors could tap," Attom Data's Todd Teta said in the report. "But at the same time, home flippers who were able to close deals did better than they had done in a year and a half.
"That likely flowed in large part from extremely low interest rates that enticed buyers who remained employed and were willing to house hunt within social distancing requirements."
Demand for houses pushed up the profits flippers got from their sales.
The typical gross profit flippers made was $67,902 _ up $6,000 from second quarter 2019.
The most flips during the quarter were in Phoenix (2,448) and Atlanta (2,420).
To count in the numbers, a house had to be purchased and resold during a 12-month time frame with an arm's-length transaction.
